Understanding Different Times for Discharge

Although filing for bankruptcy can be a difficult decision for many in Houston to make, something which our legal team at the Russell Van Beustring P.C. understands, this decision carries many benefits for those that choose this path. One of the most advantageous and sought after benefits is the ability to discharge, or get rid of, certain debts. Depending on the type of bankruptcy that a person files, whether Chapter 7, Chapter 11, or Chapter 12, the time when this discharge occurs will vary.

Typical Times for Discharge

The times at which debts are discharged vary based on which form of bankruptcy you are filing for and your exact case. While there is no guarantee of when your debts will be discharged when pursuing bankruptcy, the U.S. bankruptcy courts state that debts are typically discharged around the following times:

Chapter 7: Discharge usually occurs four months after the bankruptcy petition is filed when the time to contest the discharge is expired

Chapter 11 and Chapter 13: Discharge is specified individually, but usually takes place when all payments are made according to the plan.

Understanding when you might expect your debts to be discharged is important, especially as this information could have a major impact on your decision of which type of bankruptcy to file.